08168958821
Home » Banking and Finance » THE EFFECT OF INTEREST RATE ON LOAN REPAYMENT IN MICRO FINANCE BANKS IN NIGERIA
THE EFFECT OF INTEREST RATE ON LOAN REPAYMENT IN MICRO FINANCE BANKS IN NIGERIA
Sold By: Joe Project Store | Item Type: Project Material | Report this? | Attributes: 54 pages | 1-5 chapters | Amount: ₦5,000 | 10 orders. | Marked useful: 6,589 times
INSTANT PROJECT MATERIAL DOWNLOADTHE EFFECT OF INTEREST RATE ON LOAN REPAYMENT IN MICRO FINANCE BANKS IN NIGERIA
ABSTRACT
The study sought to appraise the effect of interest rate on loan repayment in microfinance institutions. Stanford Micro Finance Bank, a microfinance institution in uyo was used as a case study for the study. The research was conducted using questionnaires and interviews. In all 100 customers and 20 employees were sampled for the research. The SPSS software was used to analyse the data for the research. A systematic random sampling was used for the data collection. The findings of the research revealed that though interest rate plays a major role in loan repayment, other factors such as loan term and the repayment frequency also influence to a large extent the loan repayment. Customers indicated that though lower interest rate would enhance loan repayment, the issue of accessibility and availability of funds was paramount. To enhance loan repayment, the researcher recommends lower interest rate to ease loan repayment burden and loans granted should be amounts that customers can service. Again, micro-insurance could be established to protect the Institution and customers against any default
This material content is developed to serve as a GUIDE for students to conduct academic research
DOWNLOAD THIS PROJECT MATERIAL NOW!
Advertise Here
Not what you were looking for? Perform a search
What's your project topic?
Comment on Facebook:
Related Project Materials
- 1.
THE ROLE OF COMMERCIAL BANKS IN THE GROWTH OF SMALL AND MEDIUM SCALE ENTERPRISES IN CAMEROON
CHAPTER ONE INTRODUCTION Background of the study Small and medium sized enterprises (SMEs) play a crucial role in facilitating wealth distribution ...More »
Item Type: Project Material | 54 pages | 824 engagements |
- 2.
ASSESSING THE EFFECTS OF CREDIT RISK MANAGEMENT AND LOAN PERFORMANCE ON MICROFINANCE INSTITUTIONS IN...
CHAPTER ONE INTRODUCTION 1.1 Background of the Study Risks linked with credit generation must be managed cautiously, with credit risk being especia...More »
Item Type: Project Material | 54 pages | 418 engagements |
- 3.
AN ASSESSMENT OF ITS RELEVANCE ON THE MANAGEMENT OF MICROFINANCE INSTITUTIONS IN GHANA
CHAPTER ONE INTRODUCTION 1.1 Background of the Study Through microfinance, low income households and their businesses can obtain traditional financ...More »
Item Type: Project Material | 54 pages | 384 engagements |
- 4.
A CRITICAL ANALYSIS OF LOAN FINANCING FOR SMALL AND MEDIUM SCALE ENTERPRISES IN CAMEROON
CHAPTER ONE INTRODUCTION Background of the study In comparison to the rest of the globe, the African continent has experienced substantial expansio...More »
Item Type: Project Material | 54 pages | 364 engagements |
- 5.
AN INVESTIGATION ON THE ROLE OF COMMERCIAL BANKS ON THE SOCIO-ECONOMIC DEVELOPMENT OF CAMEROON
AN INVESTIGATION ON THE ROLE OF COMMERCIAL BANKS ON THE SOCIO ECONOMIC DEVELOPMENT OF CAMEROON CHAPTER ONE INTRODUCTION 1.1 Background of the Study...More »
Item Type: Project Material | 54 pages | 498 engagements |
- 6.
AN EXAMINATION ON THE ROLE AND IMPACT OF TECHNOLOGY IN FINANCIAL SECTORS: CASE STUDY OF AFRILAND F...
AN EXAMINATION ON THE ROLE AND IMPACT OF TECHNOLOGY IN FINANCIAL SECTORS: CASE STUDY OF AFRILAND FIRST BANK, YAOUNDÉ, CAMEROON CHAPTER ONE INT...More »
Item Type: Project Material | 54 pages | 540 engagements |